Das Existenzminimum und Verwandte Fragen (Classic Reprint) - Softcover

Inhaltsangabe

This book begins in the aftermath of World War I in Germany, with the author's work to expose the disastrous financial policies pursued by the government. The author's primary argument is that Germany's soaring inflation is primarily due to the government's reliance on creating new money to pay its debts, rather than raising taxes. The author contended that the government's shortsighted, self-destructive fiscal policies would inevitably lead to economic collapse. The author calculates the cost of basic survival for a family of four in Berlin between 1914 and 1920. He discovers that the cost of living has increased more than tenfold over this period while wages have only quadrupled during the same period. The book follows the economic crisis in Germany and the author lays out in plain terms the financial conundrums facing his homeland. The author's ultimate solution revolves around a central theme: Germany must raise taxes, cut expenses, and return to a balanced budget as quickly as possible. This book is a fascinating, detailed and accessible study of Germany's descent into financial chaos after World War I.

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